BUSI 2601 Chapter Notes - Chapter 18: Sole Proprietorship, Software, Cybersquatting
21 Jun 2016
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Document Summary
Intellectual property: the results of the creative process, ideas, expression of ideas/formulas/schemes/trademarks and to the production attached to ideas through patent, copyright, trademark, industrial design etc. Necessary and critical asset in many industries: patents: monopoly to make, use, sell an invention, protect inventions, essential to pharmaceuticals, electronics, chemical etc. The patent act: any new and useful art, process, machine, manufacture or composition of matter or any new and useful improvement in any art, process, machine, manufacture or composition of matter . Items protected under other law (software can"t be patented b/c its protected under copyright) Items that don"t meet the definition of a patent (abstract theorems/scientific principals opposed to invention) Items that aren"t patentable due to policy (methods of medical treatment/illicit objects) New: invention must be new/novel (doesn"t need to be absolutely new), considered new if not disclosed publicly. Useful: invention must solve a practical problem. Unobvious: ingenuity or inventive step involved in the invention.
